China Unveils Permanent Rural Finance Framework, Eases Risk Rule

China will establish a permanent financial support framework to promote rural revitalization and prevent a slide back into poverty, marking a shift from transitional aid to long-term support.

The People’s Bank of China and three other agencies said on Saturday that agriculture‑related loans to anti‑poverty groups and underdeveloped regions with non‑performing loan ratios up to three percentage points higher than a bank’s overall average will not be penalized.